BSCV vs. LQDW
Compare and contrast key facts about Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW).
BSCV and LQDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSCV is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Corporate Bond 2031 Index. It was launched on Sep 15, 2021. LQDW is a passively managed fund by iShares that tracks the performance of the CBOE LQD BuyWrite Index. It was launched on Aug 18, 2022. Both BSCV and LQDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BSCV vs. LQDW - Performance Comparison
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BSCV vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | -0.26% | 9.04% | 2.62% | 9.16% | -3.51% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 0.09% | 9.05% | 2.60% | 3.99% | -6.78% |
Returns By Period
In the year-to-date period, BSCV achieves a -0.26% return, which is significantly lower than LQDW's 0.09% return.
BSCV
- 1D
- 0.03%
- 1M
- -1.24%
- YTD
- -0.26%
- 6M
- 0.64%
- 1Y
- 5.53%
- 3Y*
- 5.33%
- 5Y*
- —
- 10Y*
- —
LQDW
- 1D
- 0.08%
- 1M
- -1.23%
- YTD
- 0.09%
- 6M
- 1.24%
- 1Y
- 6.04%
- 3Y*
- 3.62%
- 5Y*
- —
- 10Y*
- —
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BSCV vs. LQDW - Expense Ratio Comparison
BSCV has a 0.10% expense ratio, which is lower than LQDW's 0.34% expense ratio.
Return for Risk
BSCV vs. LQDW — Risk / Return Rank
BSCV
LQDW
BSCV vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BSCV | LQDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.37 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.86 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.99 | +0.04 |
Martin ratioReturn relative to average drawdown | 7.97 | 8.21 | -0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSCV | LQDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.37 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.42 | -0.43 |
Correlation
The correlation between BSCV and LQDW is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BSCV vs. LQDW - Dividend Comparison
BSCV's dividend yield for the trailing twelve months is around 4.71%, less than LQDW's 14.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSCV Invesco BulletShares 2031 Corporate Bond ETF | 4.71% | 4.65% | 4.87% | 4.47% | 3.43% | 0.57% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 14.96% | 16.02% | 15.74% | 19.28% | 8.85% | 0.00% |
Drawdowns
BSCV vs. LQDW - Drawdown Comparison
The maximum BSCV drawdown since its inception was -23.28%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for BSCV and LQDW.
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Drawdown Indicators
| BSCV | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -9.20% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.14% | +0.28% |
Current DrawdownCurrent decline from peak | -1.57% | -1.49% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -2.42% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.76% | -0.03% |
Volatility
BSCV vs. LQDW - Volatility Comparison
The current volatility for Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is 1.63%, while iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) has a volatility of 2.27%. This indicates that BSCV experiences smaller price fluctuations and is considered to be less risky than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSCV | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 2.27% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 2.79% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.44% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 5.55% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.47% | 5.55% | +1.92% |